Carotenoids Market - Global Industry Analysis, Growth, Trends, and Forecast up to 2018

Carotenoids Market - Global Industry Analysis, Growth, Trends, and Forecast up to 2018

  • Submitted By: amyjames
  • Date Submitted: 01/03/2016 9:26 PM
  • Category: Business
  • Words: 777
  • Page: 4

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Carotenoids Market - Global Industry
Analysis, Size, Share, Growth, Trends,
and Forecast, 2012 - 2018

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Carotenoids are the organic pigments naturally occurring in plants and have been used for food colorings with beta- carotene for
a long time. However, with continuous research and development, carotenoids have found relevance in feeds and food
supplements. The market is expected to exhibit a marginal growth compared to previous years. The majority of sales of the
global carotenoids market come from the mature markets such as North America and Europe. Markets such as Asia Pacific and
the rest of the world are expected to exhibit sizeable growth in the coming years and Europe significantly dominates the market.
Some of the major factors driving this market are growing consumer preference for naturally healthy products and the
commercial scope of carotenoids in feeds and supplements. The antioxidative feature and discovery of new health benefits of
carotenoids makes it medically more viable giving a boost to the demand for carotenoids in medical sectors as well. The easy
availability of carotenoid also facilitates the growth of this market.
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However, the market growth is restricted due to the limited number of suppliers in the market, lack of R&D in developing
countries, and the lack of newly discovered health benefits of carotenoids in various regions. Even today,...

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